US stocks, represented by the three major indices, recorded strong declines at the end of the opening session of the week yesterday, Monday, March 7th, affected by the rise in fears of economic stagnation and the continued rise in global inflation after crude exceeded the levels of 130 dollars a barrel in light of the current crisis situation between Russia and Ukraine and the sanctions imposed by the West on Russia .

The United States of America is considering imposing more sanctions on Russia, the most important of which is the embargo on Russian oil and gas, which has raised fears in the markets about a possible global economic recession, especially in light of the turmoil in commodity markets.

In terms of stock movement, the shares of the aviation sector topped the losses in the opening session, affected by the increase in fuel prices, where the share of Delta Airlines fell by about 12.8%, while the share of American Airlines lost by 12% at the close.

On the other hand, companies and financial institutions continue to disclose their quarterly results for the first quarter of this year.

The Dow Jones Industrial Average closed down by (797) points at the close at 32.817 levels, a loss of about 2.37%, and is now trading in the futures for today’s session, Tuesday, at 32.705 levels, down by about 77 points.

While the S&P 500 index recorded declines at closing at 4.201 levels, down by 127 points or 2.95%, and it is now trading in futures at 4.190 levels, down by about 9 points.

While the Nasdaq index recorded losses by (482 points) to close the session at 12.830 points, recording declines of about 3.62%, and it is now trading in the futures, down by about 45 points.